Software company SAP AG (NYSE: SAP) Monday announced its intent to acquire carbon management firm Clear Standards, Inc.
Clear Standards helps organizations accurately measure, optimize and report greenhouse gas (GHG) emissions and other environmental impacts across internal operations.
With this move, SAP expects to accelerate its ability to meet the carbon management requirements of organizations in this time of increasingly stringent government regulations and expectations for better transparency by the public.
Clear Standards provides SAP a mature sustainability solution and expertise in carbon management delivered through a Web-based, on-demand delivery model. SAP said it will leverage its business process expertise to enable Clear Standards to tap into financial and other data stored in enterprise solutions such as SAP(R) Business Suite 7 software and the SAP(R) Environment, Health, and Safety Management application.
"It is essential that organizations gain actionable insight into their carbon emissions, water consumption, energy use and other environmental factors so they can lower their environmental impact," said SAP AG Co-CEO Leo Apotheker.
Clear Standards Assess provides the foundation for organizing and consolidating all emissions data across the enterprise, allowing businesses to determine and report their total environmental impact, including GHG emissions, water consumption and waste.
Clear Standards Analyze provides detailed visualizations of emissions data, and Clear Standards Act supports operational plans to meet sustainability goals and conform to voluntary goals and regulatory standards.
Clear Standards, Inc. Chairman and CEO Betsy Atkins, said "By joining SAP we expect to reach many more organizations needing to better manage their environmental impact and profitability."
SAP anticipates the acquisition will be completed in June 2009. Terms of the transaction were not disclosed. Clear Standards, Inc. has locations in Sterling, Virginia, and Delhi, India.
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